Tuesday, June 7, 2011

Market Daily -- 7th Jun 11

10. Singapore May Foreign Exchange Reserves $239.94 Bln Vs $242.52B April

9. STX OSV Started At Outperform With S$1.40 Target By CLSA

8. Olam Target Cut To S$3.08 From S$3.34 By CIMB

7. Singapore Airlines CEO: Open To Offers To Sell 49% Stake In Virgin Atlantic
Singapore Airlines CEO: Hedging 20% Of Fuel Needs For Rest Of 2011
Singapore Airlines CEO: Beginning To See Recovery In Japan Traffic 
Singapore Airlines CEO: Difficult To Predict When Japan Traffic Will Return To Normal

6.  Virgin Australia: Expect Regulatory OK In 6 Months On Singapore Airlines Alliance

5. Olam Target Price Cut To S$3.60 Vs S$4.00 By Nomura

4. Yangzijiang Shipbuilding Target Set At S$2.15 By Kim Eng

3. Virgin Blue, Singapore Airlines Sign Long-Term Alliance Agreement
Virgin Blue, Singapore Airlines To Code Share On Flights 
Virgin Blue, Singapore Airlines To Code Share On Flights
Virgin Blue, Singapore Airlines Deal To Submit Plan To ACCC 

2. Olam: To Raise S$731.8 Million In Fund Raising
 Olam: To Raise S$245.5 Million Via Private Placement
Olam: To Offer 94.4 Million New Shares Via Private Placement At S$2.60/Share 
Olam: To Offer 97.3 Million Preferential Shares At S$2.56/Share
Olam: Temasek To Subscribe To 94.4 Million New Shares At S$2.60/Share 
Olam: To Use Proceeds For Capital Expenditure, Potential Acquisition

1. The Dow Jones industrial average dropped 61.15 points, or 0.50 percent, to 12,090.11. The Standard & Poor's 500 Index fell 13.99 points, or 1.08 percent, to 1,286.17. The Nasdaq Composite Index lost 30.22 points, or 1.11 percent, to 2,702.56